Arguably one of the best-known club DJs in the world, is launching a project that involves NFT’s as a new way to increase his bank account “music royalties can’t compare to NFTs” in his words.
Aoki said he had made more from his NFT sales in the past year alone than he has from six albums over the past decade: “If I was to really break down, okay, in the 10 years I’ve been making music…six albums, and you [combine] all those advances, what I did in one drop last year in NFTs, I made more money”
Aoki made $888,888.88 on the sale of his “hairy” NFT last year. (That said, he did note that live DJ jobs make up 95% of his music income.)
Beyond “hairy,” Aoki still holds several NFTs, including several from Bored Ape Yacht Club. He’s also launching a new membership club based on NFTs called Aokiverse. Long term, he said, he believes NFTs will spark a revolution in the music business, transferring power back to artists and away from labels.
“As music NFTs become more of a part of how we integrate and support artists, the labels will have to do more than just add the song on a playlist,” Aoki said.
Aoki has long been a fan of NFTs and alternative investments. Last year, he told that part of the reason NFTs are so exciting is “because of how reliant they are upon the communities that spring up and support them”. For Aoki, that’s a great thing because many musicians have large, rabid followings.
In general, Aoki is an early adopter when it comes to Web3: For instance, he displays a Yat (a custom string of emojis that can be used as a URL) on his social media accounts. Other celebrity investors in that technology include Paris Hilton and Lil Wayne.